Telia Company Results Presentation Deck
Cash CAPEX to come down in
2023
What we said
CAPEX DEVELOPMENT 2021-2023
Transform
Main components and benefits
56
MOBILE . 5G roll-out
NETWORK
FIXED
NETWORK
Network modemization
PRODUCT
DEV/ IT
• Partly replacing
coverage/capacity Investments
Copper legacy shut down
. Continued footprint growth
• Selective fiber deployment with
partners
Modernize and simplify IT
. Convergence capabilities
Digitalize customer Journeys
• New and common product
platforms
. Strengthen analytics capabilities
Coverage
ARPU uplift
Reduced chum
Footprint
Customer base
OPEX reduction
Products
Cust. experience
OPEX reduction
Increased CAPEX 2021 - not above past levels
Excl. Telia Carrier
17%
2019
16%
Inspire Connect Transform Deliver
2020
2021
Mobile NW Fixed NW
17%
STRATEGY UPDATE 29 JANUARY 2021
Investment program subject to rigorous benchmarking and focus on returns
15%
2023
Prod dev/T Other
CAPEX/Net sales
Elevated CAPEX 2021-2022 due to network
modernization and 5G rollout
Target SEK 1bn in CAPEX savings by 2023
Capex to decline in 2023
*
Where we are now
2020
Excl. spectrum and licenses
■Mobile
Cash CAPEX* development
In SEK billions, as % of net sales
16%
Inspiring
customers
2021
■Fixed
Connecting
everyone
2022
Prod dev. & IT
Other
Transforming
to digital
15%
2023
Cash CAPEX increased 2021 to SEK 14.4bn or 16.3% of net sales
Slightly below plan partly due to cloud accounting change of SEK -0.3bn
CAPEX efficiency initiatives on track to deliver SEK 1bn savings by 2023
Estimated to be stable in 2022 before coming back down to 15% of net
sales in 2023
Delivering
sustainably
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